Avidian Wealth Enterprises LLC Raises Stock Position in Kinder Morgan, Inc. (NYSE:KMI)

Avidian Wealth Enterprises LLC grew its holdings in Kinder Morgan, Inc. (NYSE:KMI) by 9.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,689 shares of the pipeline company’s stock after acquiring an additional 4,498 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Kinder Morgan were worth $1,389,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Retirement Wealth Solutions LLC purchased a new position in shares of Kinder Morgan in the 4th quarter valued at $25,000. Modus Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $27,000. Northwest Investment Counselors LLC purchased a new stake in Kinder Morgan during the 3rd quarter worth $28,000. Heck Capital Advisors LLC purchased a new stake in Kinder Morgan during the 4th quarter worth $29,000. Finally, Planning Capital Management Corp increased its stake in Kinder Morgan by 143.6% during the 3rd quarter. Planning Capital Management Corp now owns 1,352 shares of the pipeline company’s stock worth $30,000 after buying an additional 797 shares during the period. Hedge funds and other institutional investors own 62.52% of the company’s stock.

Wall Street Analyst Weigh In

KMI has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Kinder Morgan from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Barclays lifted their price target on shares of Kinder Morgan from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Mizuho lifted their price target on shares of Kinder Morgan from $31.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on shares of Kinder Morgan from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Citigroup lifted their price target on shares of Kinder Morgan from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.14.

Insider Activity

In other news, President Thomas A. Martin sold 18,000 shares of Kinder Morgan stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $27.70, for a total value of $498,600.00. Following the completion of the transaction, the president now directly owns 843,652 shares of the company’s stock, valued at approximately $23,369,160.40. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 54,000 shares of company stock valued at $1,493,100. Company insiders own 12.64% of the company’s stock.

Kinder Morgan Trading Down 1.9 %

NYSE KMI opened at $26.29 on Thursday. Kinder Morgan, Inc. has a one year low of $16.47 and a one year high of $31.48. The company has a 50-day simple moving average of $27.87 and a 200-day simple moving average of $25.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.35 and a current ratio of 0.49. The firm has a market capitalization of $58.41 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 3.16 and a beta of 0.94.

Kinder Morgan (NYSE:KMI) last posted its quarterly earnings results on Wednesday, January 22nd. The pipeline company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Kinder Morgan had a net margin of 17.31% and a return on equity of 8.09%. On average, equities analysts forecast that Kinder Morgan, Inc. will post 1.23 earnings per share for the current year.

Kinder Morgan Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Monday, February 3rd. Kinder Morgan’s dividend payout ratio (DPR) is presently 98.29%.

Kinder Morgan Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.